Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Up 27.9% in December

Reborn Coffee, Inc. (NASDAQ:REBN) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 363,600 shares, an increase of 27.9% from the November 30th total of 284,300 shares. Approximately 14.4% of the company’s stock are sold short. Based on an average trading volume of 94,200 shares, the short-interest ratio is currently 3.9 days.

Hedge Funds Weigh In On Reborn Coffee

A hedge fund recently bought a new stake in Reborn Coffee stock. Renaissance Technologies LLC bought a new stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned 0.45% of Reborn Coffee at the end of the most recent reporting period. Institutional investors and hedge funds own 1.76% of the company’s stock.

Reborn Coffee Stock Up 0.6 %

REBN stock traded up $0.01 during mid-day trading on Tuesday, reaching $1.66. 54,160 shares of the company traded hands, compared to its average volume of 576,440. The stock has a market cap of $6.10 million, a price-to-earnings ratio of -1.14 and a beta of 2.69. Reborn Coffee has a fifty-two week low of $0.92 and a fifty-two week high of $8.80. The firm’s 50 day moving average price is $1.46 and its 200 day moving average price is $3.30. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 0.19.

About Reborn Coffee

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs.